Benefits & Programs

Builders Mutual Insurance Company (BMIC) offers comprehensive employee benefits, tailored to fit your needs:

Medical, Dental, and Flexible Spending Account

Unless otherwise noted, these benefits begin the first of the month following thirty days of service.

• Open access point of service medical plan, with BMIC paying 100% of the employee-only premium. Dental coverage paid at 50-100% of the cost for diagnostic, preventative and restorative care, with BMIC paying 100% of the employee-only cost.
• A flexible spending plan, in which you can defer money pre-tax for approved medical expenses (up to $2500 annually) and/or childcare expenses (up to $5,000 annually).

401(k) / 401(k) Plan

You are eligible to join the BMIC 401(k)/Roth 401(k) plan on the first of the quarter following six months of service.

• Total deferrals in any taxable year may not exceed a dollar limit that is set by Federal law.
• BMIC currently matches 100% of the first 5% of your salary deferral. This match is fully vested.
• BMIC may make additional discretionary contributions.

Short and Long Term Disability

• BMIC pays 100% of the premium for both of these plans.
• Short term disability benefits begin 15 days after an injury or illness.
• Long term disability benefits begin on the 91st day of disability.

Life Insurance

• BMIC offers basic life insurance that grows as your tenure with us grows. There’s no cost for our basic insurance.
• You can purchase optional insurance in $10,000 increments and can also insure your spouse and children.

Other Benefits:

• Paid time off between 17 and 28 days per year, based upon length of service.
• Business casual dress code and a standard 37.5 hour work week.
• Eleven paid holidays per year.
• Semi-monthly (15th and end of month) paydays.
• Bonuses for employee referrals.
• Longevity awards and recognition programs.
• Membership in Coastal Federal Credit Union, and preferred banking arrangements with BB&T and Wachovia.
• No charge employee assistance program.